Rare opportunity to build equity or construct your dream coastal retreat at 113 Pine Street! Situated in a highly desirable, established Santa Cruz neighborhood, this property offers exceptional location value just minutes from local beaches, downtown shopping, dining, and easy highway access. The existing structures are in poor condition with significant deferred maintenance and may be potential tear-downs, making this an ideal blank canvas for contractors, builders, savvy investors, or experienced project seekers looking for their next major undertaking. Bring your architect, land planner, and vision to explore the possibilities of a complete rebuild, major expansion, or custom footprint. The property features a 448 sq. ft. 1-bedroom, 1-bathroom primary residence, along with a converted detached garage of roughly 400 sq. ft. Value is predominantly in the land and location. Opportunities at this price point in Santa Cruz are exceptionally rare, don't miss out!